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07C Staff Report - Donation From Green Valley Disposal Companyr DATE: TO: FROM: SUBJECT: MEETING DATE: 7/1/02 ITEM NO. COUNCIL AGENDA REPORT JUNE 18, 2002 MAYOR AND TOWN COUNCIL c 1 DEBRA J. FIGONE, TOWN MANAGE ACCEPT DONATION OF $2,500 FROM GREEN VALLEY DISPOSAL COMPANY TO THE TOWN, FOR THE JULY 4 EVENT RECOMMENDATION: 1. Accept donation of $2,500 from Green Valley Disposal Company to the Town, for the July 4 event. 2. Authorize budget adjustment in the amount of $2,500 to the FY 2001/02 Budget, Program 8070, "Arts." BACKGROUND: Green Valley Disposal Company, the local solid waste management company, would like to make a donation to the Town, for entertainment expenses related to the Town's 2002 July 4 event. Green Valley made the same donation to the 2001 July 4 event. DISCUSSION: Costs for hiring the Plain James Band, a major portion of the July 4 event entertainment, total $2,500. Green Valley's donation would be used to fund the entire expense. ENVIRONMENTAL ASSESSMENT: The recommended actions are not projects defined under CEQA, and no further action is required. FISCAL IMPACT: The 2002 July 4 event is budgeted in Program 8070, "Arts." We propose that the budget for revenue PREP RED BY: Regina A. Falkne Community Serv,' ,: 'rector Reviewed by: 95 3 Assistant Town Manager gii/Town Attorney Clerk %&Finance Revised: 6/ 18/02 11:09 am -;" Reformatted: 5/30/01 PAGE 2 MAYOR AND TOWN COUNCIL SUBJECT: ACCEPT DONATION OF $2,500 FROM GREEN VALLEY DISPOSAL COMPANY TO THE TOWN, FOR THE JULY 4 EVENT June 18, 2002 account 8070-48730, Donations, be increased by $2,500 to reflect Green Valley's donation. We also propose that the budget for expenditure account 8070-60005, Materials, be increased by the same amount, to allow for disbursement of these funds, as follows: Program Account Adopted Budget Increase/(Decrease) Revised Budget 8070 48730 $0 $2,500.00 $2,500.00 8070 60005 $11,600.00 $2,500.00 $14,100.00 Expenses for the 2002 July 4 event occur in FY 2001/02; the 2003 July 4 event is budgeted in the 2002/03 Operating Budget. Distribution: Susan Buxton, Volunteer Coordinator RAF:JLM/ N:\CSD\TCRPTS\gvdcdonation. wpd